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Bias-parameters – Page 746 – If, Then… Market Timing

Bias-parameters

Morning bias

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TUE morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1211.25 1209.25
…would target 1218.00 1216.25
Bias-down: under 1200.50 1198.75
…would target 1195.00 1193.00
Signal status: BIAS-DOWN SIGNAL STILL BEING TESTED FAQ
INTRO VIDEOS #1 and #2

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Afternoon bias

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MON afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1200.25 1198.25
…would target 1208.75 1206.75
Bias-down: under 1195.00 1193.00
…would target 1189.50 1187.50
Signal status: BIAS-UP FAQ
INTRO VIDEOS #1 and #2

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Morning bias

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MON morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1182.25 1180.25
…would target 1187.50 1185.75
Bias-down: under 1173.75 1172.00
…would target 1167.75 1165.75
Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED FAQ
INTRO VIDEOS #1 and #2

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Afternoon bias

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FRI afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1177.00 1175.00
…would target 1182.75 1181.00
Bias-down: under 1165.50 1163.75
…would target 1158.50 1156.50
Signal status: LATE BIAS-UP SIGNAL FAQ
INTRO VIDEOS #1 and #2

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What bias-down.

41- point rally off the lows is big. Is it refueling the 66-point drop from yesterday’s high?

[pay]The question to ask of this morning’s action is whether it has left any unfinished business below. A rally that originates during a bias-down environment is required to retrace back to its bias-down signal.

Was the 1155.00 bias-down signal already retraced? was tested as support once already after 10:30. Must it be retraced even further to compensate for the delay? Exiting the noon hour back under 1155.00 would be the last opportunity to reclaim this morning’s bias-down and extend down to test the 10:15 print at 1139.00.

In today’s Market Tour, we discussed the potential for an ugly morning to produce an afternoon rally. Was this an ugly morning? Did it already produce its rally? The recovery’s 1171.25 high was just probed up to 1173.50. Above 1175.00 would target 1180.00.

Unless the noon hour were exited at least under yesterday afternoon’s 1165.50 highs, sellers are probably marginalized for the day.

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